Sumitomo Chemical to shut production facilities for dyestuff at its operations in Osaka, Japan; company will exit dyestuff business by end of March 2023

Sample article from our Chemicals Industry

May 23, 2022 (press release) –

Sumitomo Chemical today announced its decision to close down its production facilities for dyestuff at its Osaka Works (Konohana-ku, Osaka, Japan) and exit the dyestuff business by the end of March 2023.

Sumitomo Chemical acquired Japan Dyestuff Manufacturing Company in 1944, and has since engaged in development and manufacture of dyestuff products for clothes. As the environment surrounding the dyestuff business has increasingly become challenging, the Company has been striving for the structural reform of the business, such as enhancing the value added to its products, optimizing the product line, and reducing costs across the board. Meanwhile, as production facilities are ageing, maintenance and repair costs are increasing year after year. Under these circumstances, the Company has concluded that, despite all those reform measures, it will be unable to steadily generate profits from the business over the medium to long term. Management resources cultivated through the dyestuff business support the foundations of Sumitomo Chemical’s specialty chemicals businesses, such as IT-related products, health and crop protection chemicals, and pharmaceuticals. In particular, organic synthesis technology derived from the dyestuff business has been applied to product development in these areas.

Going forward, Sumitomo Chemical will continue to direct its resources to fields in which the Company has competitive advantages, and strive to achieve sustained growth by creating new value.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

See our dashboard in action - schedule an demo
Dan Rivard
Dan Rivard
- VP Market Development -

We offer built-to-order chemicals industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.